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The Dollar Is Losing It’s Luster And Obama Is Still Busy Making Deals

Is everybody ready to go here and sign up to run for political office?  You might be after you read this post. Pimco Says Dollar to Weaken as Reserve Status Erodes (Update3) Aug. 19 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund, said the dollar will weaken as the U.S. pumps “massive” amounts of money into the economy. The dollar will drop the most against emerging-market counterparts, Curtis A. Mewbourne, a Pimco portfolio manager, wrote in a report on the company’s Web site. The greenback is losing its status as the world’s reserve currency, he…
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